.............Some Great News Amidst The Gloom

Reliable lead indicator NEM's cycle low today is 42.20, which is close to it's Secular Bull Market/very long term upcycle trendline at 41ish, see the first chart at http://www.joefrocks.com/GoldStockCharts.html. This means that reliable lead indicator NEM's Wave 2 Cyclical Bear Market since 1-31-06 is probably just about over, and, that HUI/XAU's Wave 2 Cyclical Bear Market since 5-11-06 is more likely to be 9-18 months than 18-24+ months. NEM has to bounce at it's Secular Bull Market/very long term upcycle trendline at 41ish and hit a 5% follow through buy signal (a major buy signal) before Trade the Cycles indicates that NEM has entered Wave 3 of it's Secular Bull Market/very long term upcycle since October 2000. ....... http://www.JoeFRocks.com/

HUI NEM XAU